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Jan. 1 Inventory 17 units at $33 $561 Aug. 13 Purchase 14 units at $35 490 Nov. 30 Purchase 4 units at $36 144 Available

Jan. 1 Inventory 17 units at $33 $561 Aug. 13 Purchase 14 units at $35 490 Nov. 30 Purchase 4 units at $36 144 Available for sale 35 units $1,195

There are 17 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using the (a) first-in, first-out (FIFO) method; (b) last-in, first-out (LIFO) method; and (c) weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar).

a. First-in, first-out (FIFO) $fill in the blank 1
b. Last-in, first-out (LIFO) $fill in the blank 2
c. Weighted average cost $fill in the blank 3

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